Third Point's Loeb compliments Nestle on investor seminar

Published 12:54 PM ET Tue, 26 Sept 2017
Reuters

LONDON, Sept 26 (Reuters) - The head of activist investor Third Point, which has pushed for change at Nestle, complimented the Swiss company on its investor seminar on Tuesday, saying he could tell a lot of work went into it.

"You did a great job," Dan Loeb, whose Third Point fund holds a $3.5 billion stake in Nestle, told Nestle's Chief Financial Officer Francois-Xavier Roger after his presentation to investors.

Roger replied that it was "teamwork".

Loeb declined further comment when asked about Nestle's strategy or the new margin target it set. (Reporting by Martinne Geller; editing by Alexander Smith)